Billionaire entrepreneur Elon Musk has pledged a staggering $10 million in funding to Coach Dawn Staley and the South Carolina women’s basketball program. This bold and generous move has left fans and industry leaders alike in awe.

Musk, known for his visionary ventures, took to Twitter to announce his remarkable gesture, declaring, “I support you, Coach Dawn Staley,” with the release of the incredible donation that will surely change the landscape of college basketball.

Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has pledged $10 million to Coach Dawn Staley and the South Carolina women’s basketball program. The announcement was made via Musk’s Twitter account, where he shared his admiration for Staley and expressed his confidence in her leadership, saying, “I support you, Coach Dawn Staley.”

This generous donation has stunned the sports world and business community alike. Staley, who has been a transformative figure in women’s basketball, has led the South Carolina Gamecocks to multiple SEC championships and a national title, cementing her place as one of the most successful and influential coaches in the game.

Musk’s donation comes at a time when the women’s game continues to grow in prominence, and such a substantial contribution will undoubtedly help elevate the program to even greater heights.

The $10 million investment will go toward supporting various aspects of the program, including facilities, scholarships, and overall resources to further develop the team. Musk’s backing also highlights the increasing recognition of women’s sports and the importance of investing in programs that empower female athletes.

While Musk is no stranger to making waves with his ventures, this gesture shows his personal belief in Coach Staley’s vision and the future of women’s basketball. The move has already sparked conversations about how high-profile figures can help raise the profile of women’s sports and provide opportunities for future generations of athletes.

With this significant investment, Elon Musk has not only backed a winning coach but also made a statement about the power of supporting women’s sports and the value of leadership and excellence in all forms.

Dawn Staley’s impressive net worth isn’t only because of her South Carolina success

Three-time NCAA women’s national championship head coach, Dawn Staley has already cemented her legacy as one of the best to ever do it.

Since being named head coach of the South Carolina women’s basketball program in 2008, Staley has one of the most impressive resumés in all of college basketball in both the men’s and women’s game. During her 17-season tenure in charge of South Carolina, Staley has led the Gamecocks to three national championships to go along with six final four appearances and nine SEC conference titles, while being named the Naismith Coach of The Year on four occasions.

With the Gamecocks heading into the 2025 March Madness tournament as a one-seed yet again, national championship number four and back-to-back titles may not be far from a reality for Staley and Co.

With all of the on-court success during her time with South Carolina… to the victors go the spoils, in the form of a nice, hefty paycheck.

What is Dawn Staley’s net worth?

Staley’s net worth is an estimated $12 million, according to Celebrity Net Worth.

Prior to the 2023 season, Staley reportedly signed a $25.2 million extension (including bonuses) with South Carolina, which will pay the three-time champion $4 million per season, making her the highest-paid women’s coach in the country on an annual basis.

Staley surpassed SEC rival and four-time champion Kim Mulkey, who signed on for $3.2 million per year with LSU in 2021.

Despite her legendary career as a coach, which came after her six-time WNBA all-star playing career, Staley’s success and perhaps net worth aren’t solely tied to her coaching stint with the Gamecocks.

In 1996, Staley began the Dawn Staley Foundation, which helps at-risk children in her hometown of Philadelphia with tools and resources to help them as they progress toward adulthood. In 2008, the legendary head coach launched “InnerSole,” which provides new sneakers and clothes to children in need. In 2022, Staley began the “Netlife” podcast, which highlights women in sports and coaching.